Understanding Intellectual Property Rights

These flashcards cover the key concepts and definitions related to Intellectual Property Rights, including types of IP and their respective characteristics.

Intellectual Property (IP)

Refers to the creations of the mind such as inventions, literary and artistic works, designs, symbols, names, and images used in commerce.

Copyright

Describes the rights of creators over literary and artistic works such as books, music, films, and software; covers the form of material expression, not the idea itself.

Patents

Rights granted for inventions that give the inventor exclusive rights to use, sell, and produce the invention for a certain period of time.

Trademarks

Symbols, names, and slogans used to identify and distinguish goods or services from others in the marketplace.

Trade Secrets

Confidential business information providing a competitive advantage, which is actively protected and not public information.

Owner's Rights

Exclusive rights of a copyright owner to reproduce, prepare derivative works, distribute, perform, and display the work publicly.

Industrial Design

Protection for the aesthetic aspect of a product, such as its shape, configuration, pattern, or ornamentation that gives it a unique appearance.